Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi, I need help with this please. A building has two elevators (E1 and E2), where each one can be working or damaged. If E1

Hi, I need help with this please.

image text in transcribed
A building has two elevators (E1 and E2), where each one can be working or damaged. If E1 is working today, the probability of working tomorrow is 1/2, otherwise, it will need repairing. Likewise, if E2 is working today, the probability of working tomorrow is 2/3, otherwise, it will need repairing. The building only counts with one repairman. Therefore, if both elevators are not working, the repairman will always work in El rst. If an elevator is being xed on a particular day, the next day is working with probability is 1. Assume that the repairman spends all day repairing the elevator. The building manager knows that if the E1 is not working, it will cost $1000 per day, while E2 will cost only $500 per day. (a) Dene the Markov Chain model by clearly defining the states and the transition probability matrix. You do not need to draw the state transition diagram for credit. ([1) Estimate the expected number of elevators working in steadystate. (C) In the long run, estimate the expected total costs of the elevators not working on any given day

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction To Categorical Data Analysis

Authors: Alan Agresti

2nd Edition

0470653205, 9780470653203

More Books

Students also viewed these Mathematics questions

Question

Explain dynamic cursors. Give an example of their use.

Answered: 1 week ago

Question

Define Administration?

Answered: 1 week ago

Question

Peoples understanding of what is being said

Answered: 1 week ago